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Fair Value Measurements (Tables)

6 Months Ended

Jul. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Financial Instruments Measured at Fair Value on a Recurring Basis

The following table sets forth our financial instruments that were measured at fair value on a recurring basis at the periods indicated below, by level within the fair value hierarchy (in thousands):

			July 31, 2024
			Level 1						Level 2						Level 3						Total
Financial Assets:
Cash equivalents
Money market funds			$	22,478					$	—					$	—					$	22,478
Total cash equivalents			22,478						—						—						22,478
Marketable securities
U.S. government securities			$	314,323					$	—					$	—					$	314,323
Foreign securities			—						6,359						—						6,359
Corporate debt securities			—						104,218						—						104,218
Total marketable securities			314,323						110,577						—						424,900
Liabilities
Contingent consideration			$	—					$	—					$	86					$	86
Total liabilities			—						—						86						86
Total financial assets			$	336,801					$	110,577					$	86					$	447,464

			January 31, 2024
			Level 1						Level 2						Level 3						Total
Financial Assets:
Cash equivalents
Money market funds			$	20,758					$	—					$	—					$	20,758
U.S. government securities			6,996						—						—						6,996
Total cash equivalents			27,754						—						—						27,754
Marketable securities
U.S. government securities			$	318,957					$	—					$	—					$	318,957
Foreign securities			—						6,367						—						6,367
Corporate debt securities			—						82,574						—						82,574
Total marketable securities			318,957						88,941						—						407,898
Liabilities
Contingent consideration			$	—					$	—					$	223					$	223
Total liabilities			—						—						223						223
Total financial assets			$	346,711					$	88,941					$	223					$	435,875

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table summarizes the fair value changes in the contingent consideration liability in connection with the acquisition of North Star Y, Pty Ltd (in thousands):

			Three Months Ended July 31,												Six Months Ended July 31,
			2024						2023						2024						2023
Beginning fair value			$	86					$	—					$	223					$	—
Additions/adjustments in the period			—						1,593						(137)						1,593
Ending fair value			$	86					$	1,593					$	86					$	1,593

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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X

- References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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